Irwin Energy Inc, Overview of Exploration

Currently, IWNN has a joint venture with Montana Oil & Gas Inc. (MOGI) and
contractual obligations with Energy 51 Inc. ("E51"), a private,
Calgary-based oil and gas exploration Company to drill a series of
exploration projects on a preferred basis in Western Canada. IWNN also has
a joint venture agreement with Crossroads Exploration & Production, LLC, a
private, Louisiana-based oil and gas exploration Company, to drill projects
in Arizona over the next years.

At present, IWNN has working interests in the following projects:

In Alberta, Canada:

* The Westlock Project (12.5% working interest) -- The Operator has moved
the production on the 1-5-60-25W4M West Lock gas well up to between 500 and
675 thousand cubic feet per day, or just over a hundred barrels of oil a
day equivalent. Pressures are being monitored before a decision to increase
the volumes will be made.

* The Sylvan Lake Project (5% working interest) -- this area is controlled
in a large part by Energy Trusts, which do little drilling and welcome
industry farm out offers. This prospect has the potential to encounter both
oil and gas in several (5) Mississippian rock formations. Locally the
Mississippian formations are called the Shunda and Pekisko. A 7,200-foot
hole is underway to test the Pekisko Sand which is prospective for oil, as
well as a Shunda gas zone up the hole.

In Arizona, USA

* The Concho Dome Project (20% working interest) -- IWNN has agreed to
drill a 3,223-foot well with the Permian Supai formation as a primary
objective.

About Irwin Energy, Inc.

Irwin Energy, Inc., based in Vancouver, B.C. was founded for the purpose of
engaging in the exploration for and acquisition, development and production
of crude oil and natural gas, and for other related activities. In the oil
and gas arena, Irwin Energy seeks out low-risk opportunities to develop
positive cash flow from proven and probable oil and gas plays. Irwin Energy
plans to grow exclusively through efficient reinvestment of its internally
generated cash flow in exploration and production operations, and through
limited external financing to build ancillary businesses.

Safe Harbour statement under the Private Securities Litigation Reform Act
of 1995: Except for historical information contained herein, the matters
discussed in this press release are forward-looking statements that involve
risks and uncertainties, including but not limited to economic,
competitive, governmental and technological factors affecting the company's
operations, markets, products and prices and other factors discussed in the
company's various filings with the Securities and Exchange Commission.